https://knews.kathimerini.com.cy/en/news/cyprus-grants-first-natural-gas-exploitation-license
Cyprus and the Aphrodite consortium on Thursday signed an exploitation license and a revised production sharing contract, aiming to start natural gas production in 2025, generating projected revenues of $9.3 billion for a period of eighteen years
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https://knews.kathimerini.com.cy/en/business/cyprus-to-start-process-for-early-repayment-of-imf-loan-finance-minister-announces
Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....
https://knews.kathimerini.com.cy/en/news/more-young-victims-in-child-porn-case
More victims below the legal age are believed to have been involved in the production of child porn, with at least six victims described as boys from Cyprus...
https://knews.kathimerini.com.cy/en/news/cyprus-police-raid-child-porn-studio
Cyprus police have arrested a Limassol man in an unprecedented child porn case, with investigators saying the suspect was running a production setup at home where he produced videos of sexual nature using naked children...
https://knews.kathimerini.com.cy/en/news/president-anastasiades-says-a-tripartite-meeting-possible-in-mid-october
Speaking to reporters after a very productive meeting, as he said, with UN Secretary General Antonio Guterres on Friday on the sidelines of the UN General Assembly, the President of Cyprus said he presented the situation as it stands and developed the Greek Cypriot side’s positions.
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https://knews.kathimerini.com.cy/en/news/cyprus-fiscal-surplus-at-4-3-of-gdp
Cyprus general government surplus was at 4.3% of GDP in the first eight months of 2019, mainly due to the increase in social contributions and revenue from taxes, according to the preliminary General Government fiscal results for the period of January-August 2019 released Friday by the Statistical Service of Cyprus.
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https://knews.kathimerini.com.cy/en/news/government-to-introduce-green-tax-reform-by-2021
Minister of Finance Harris Georgiades said on Thursday that the government would introduce in 2021 a “Green Tax Reform”. Georgiades was speaking to the press on the sidelines of the 20th Global Conference on Environmental Taxation which took place in Limassol...
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-time-value-of-money
What if a close friend asks today to borrow 1,000EUR with the precondition to repay the exact same amount in five years? Would you take the deal or not?...
https://knews.kathimerini.com.cy/en/business/usa-blacklists-oil-company-in-cyprus
An oil company registered in Cyprus has been blacklisted by US officials who blocked a total of four vessels for transporting Venezuelan oil to Cuba...
https://knews.kathimerini.com.cy/en/news/coca-cola-hellenic-buys-out-acque-minerali
Local Coke bottler Coca-Cola Hellenic (CCHBC) has made its second buyout of 2019, acquiring Italy’s Acque Minerali, which is active in the domain of bottled water and refreshments.
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https://knews.kathimerini.com.cy/en/news/lute-still-thrashing-out-terms-of-reference
A new meeting has been for Thursday between President Nicos Anastasiades and UN envoy Jane Lute, aimed at reaching an agreement on the terms of reference for the resumption of Cyprus peace talks...
https://knews.kathimerini.com.cy/en/news/brexit-no-deal-preparedness-final-commission-call-to-all-eu-citizens-and-businesses
With 8 weeks to go until the United Kingdom's withdrawal from the European Union on 31 October 2019, the Commission has today – in its 6th Brexit preparedness Communication – reiterated its call on all stakeholders in the EU27 to prepare for a ‘no-deal' scenario. In light of the continued uncertainty in the United Kingdom regarding the ratification of the Withdrawal Agreement – as agreed with the UK government in November 2018 – and the overall domestic political situation, a ‘no-deal' scenario on 1 November 2019, remains a possible, although undesirable, outcome...
https://knews.kathimerini.com.cy/en/news/close-to-an-understanding-says-spokesman
UN envoy Jane Holl Lute continues her contacts with the two sides on the island, in order to secure the terms of reference that would lead to the resumption of the talks for a solution. Lute met with the leaders, namely President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci three times since she arrived on the island last week. A fresh meeting with the President is schedule for Wednesday, 915 am local time...
https://knews.kathimerini.com.cy/en/news/nicosia-says-terms-of-reference-are-within-reach
Government Spokesman, Prodromos Prodromou, said on Monday that it seems that there is justified hope and ground for the formulation of the terms of reference that would pave the way for the resumption of the negotiations on the Cyprus problem.
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https://knews.kathimerini.com.cy/en/news/lute-holds-follow-up-meetings
A UN effort on Sunday to sound out the two Cypriot leaders in a possible way forward in resuming peace talks is set to continue Monday with the follow-up meetings...
https://knews.kathimerini.com.cy/en/life/macbeth-premieres-at-paphos-medieval-castle
The first of three performances of Giuseppe Verdi’s masterpiece Macbeth is staged on Friday at the square of the Medieval Castle in Paphos...
https://knews.kathimerini.com.cy/en/news/waters-summer-mission-reaches-cyprus
California Congresswoman Maxine Waters is on summer recess trip to Europe with a US special delegation on a mission meeting with officials in Switzerland and Cyprus...
https://knews.kathimerini.com.cy/en/business/scope-rates-cyprus-with-bbb
Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...
https://knews.kathimerini.com.cy/en/news/tourism-staggers-this-year-but-officials-still-hope
Deputy Minister for Tourism Savvas Perdios says 2019 is a difficult year for tourism but there is no need for panic as positive developments may be expected in the coming weeks...
https://knews.kathimerini.com.cy/en/news/greek-pm-in-charm-offensive-aiming-to-ease-primary-surplus-targets
Prime Minister Kyriakos Mitsotakis is planning a series of trips abroad toward the end of this month and next, hoping to convince Greece’s creditors of the recently elected government’s commitment to reforms and to lay the groundwork for reducing demanding primary surplus targets agreed under the country’s post-bailout agreement....
https://knews.kathimerini.com.cy/en/life/go-trendy-or-classic-with-garden-furniture-from-jysk
Do you want to be Trendy or Classis this August? To answer this, visit the JYSK store at Nicosia Mall. August, as the typical holiday month, is ideal for resting and relaxing with family and friends. That’s why JYSK, the famous Danish retailer chain, offers two garden furniture sets to two lucky winners to make your summer even more beautiful. A Trendy and a Classic one!
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https://knews.kathimerini.com.cy/en/news/trump-s-yuan-move-makes-a-china-deal-much-harder
The decision to label China a currency manipulator boxes in Donald Trump and Xi Jinping. The U.S. Treasury Department made the move after Beijing allowed the yuan to slide below the key level of 7 to the dollar. It’s the first such designation for the People’s Republic since 1994. The sudden escalation will make it harder for both sides to reach a trade truce...
https://knews.kathimerini.com.cy/en/business/exceeding-expectations
In the eight months of its operation, Nicosia Mall has surpassed expectations. Following the triumphant opening in November 2018 and the resounding welcome by consumers, the capital’s newest shopping mall has been steadily and assuredly pulling in crowds and converting them into devoted customers. The outstanding traffic as well as the levels of satisfaction and observed visitor loyalty, which are examined on a quarterly basis through surveys, are a testament that a thoughtfully planned retail destination and a customer centric approach can yield success. Most importantly, the data available foretells a bright future ahead...
https://knews.kathimerini.com.cy/en/news/officials-spot-loopholes-in-medical-cannabis-law
A number of provisions in the medical marijuana legislation were taken out prior to a vote, prompting officials to call for amendments to block doctors from prescribing cannabis without any limits...
https://knews.kathimerini.com.cy/en/news/trump-hits-china-with-more-tariffs-sharply-escalating-trade-dispute
U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets.
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https://knews.kathimerini.com.cy/en/news/greece-s-energean-snaps-up-four-new-israeli-offshore-licenses
Israel-focused Greek oil and gas group Energean was awarded four new Israeli offshore licenses in the so-called Exclusive Economic Zone, the company said on Wednesday...
https://knews.kathimerini.com.cy/en/news/carbo-one-and-cyprus-noc-presented-their-partnership-in-the-run-up-to-the-olympics
Carbo One Limited has joined the sponsorship family of the Cyprus National Olympic Committee, in the category of Major Sponsor, as announced by the Cyprus NOC on Monday, 29 July 2019, during an event at the Olympic House in Nicosia. The collaboration of the NOC with Carbo One, one of the largest companies in Cyprus, is an important step forward for the Committee in achieving its goals in the pre-Olympic year we are currently going through.
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https://knews.kathimerini.com.cy/en/news/dombrovskis-the-eu-leads-the-world-in-the-battle-against-climate-change
This year, millions of young people across the world joined an international movement for climate change. They demanded action instead of mere talk, marching to fix the planet before it is too late.
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https://knews.kathimerini.com.cy/en/news/halloumi-exports-reached-29-thousand-tons-in-2018
Halloumi exports reached 29,000 tons in 2018, acting permanent secretary of Agriculture Ministry Andreas Louca has said.
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https://knews.kathimerini.com.cy/en/life/wiz-guide-10-places-in-pafos-to-go-out
Pafos is a very lively city that loves its culture, food, and parties! It is known that, besides visiting the famous attractions, no Pafos experience is complete without trying some of its amazing dishes and going out for drinks. Below you’re find our tips on the best venues for going out in Pafos.
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